Tariff crisis Fed vs. inflation
Expert: Stock market crash if Trump tries to fire Powell
Donald Trump's statements about Fed Chairman Jerome Powell are fueling market concerns about the central bank's independence.
- Trump's comments about Powell continue to put pressure on US assets, including stocks and long-term bonds, BMO Capital strategist Vail Hartman told Reuters.
If the US falls into recession with a central bank that is unwilling or unable to act independently, there is a risk that the slowdown will be diluted, warns Monex currency trader Helen Given.
- That would give markets even more reason to worry, she tells Bloomberg.
Evercore Vice Chairman Krishna Guha goes a step further and says that there will be significant movements in the markets if Trump tries to get rid of Powell.
- I think we would see a strong reaction in the markets with higher interest rates, a lower dollar and a sell-off in stocks, he tells CNBC.
Expert: Stock market crash if Trump tries to fire Powell
Donald Trump's statements about Fed Chairman Jerome Powell are fueling market concerns about the central bank's independence.
- Trump's comments about Powell continue to put pressure on US assets, including stocks and long-term bonds, BMO Capital strategist Vail Hartman told Reuters.
If the US falls into recession with a central bank that is unwilling or unable to act independently, there is a risk that the slowdown will be diluted, warns Monex currency trader Helen Given.
- That would give markets even more reason to worry, she tells Bloomberg.
Evercore Vice Chairman Krishna Guha goes a step further and says that there will be significant movements in the markets if Trump tries to get rid of Powell.
- I think we would see a strong reaction in the markets with higher interest rates, a lower dollar and a sell-off in stocks, he tells CNBC.
Health of the Norwegian royal couple
Queen of Norway to hospital by helicopter
Queen Sonja of Norway has been urgently taken to the Rikshospitalet in Oslo with breathing difficulties, the court announced in a press release.
Queen Sonja was transported by ambulance helicopter from the royal family's ski lodge Prinsehytta in the Norwegian mountains.
Queen Sonja is 87 years old and had a pacemaker operation in January, writes VG.
The conflict with universities
Harvard sues Trump for frozen billions
Harvard University has filed a lawsuit against the Trump administration. Harvard writes that the administration's decision to freeze several billion dollars in federal funding violates the university's constitutional rights, reports the Wall Street Journal.
Harvard argues that the cutoff in funding is "part of a pressure campaign" to force universities to "hand over control of their academic programs to the authorities".
Harvard's president warns of "serious and long-lasting" consequences of the Trump administration's overstepping of its authority, and points to the university's cancer research and work against infectious diseases, among other things.
Harvard sues Trump for frozen billions
Harvard University has filed a lawsuit against the Trump administration. Harvard writes that the administration's decision to freeze several billion dollars in federal funding violates the university's constitutional rights, reports the Wall Street Journal.
Harvard argues that the cutoff in funding is "part of a pressure campaign" to force universities to "hand over control of their academic programs to the authorities".
Harvard's president warns of "serious and long-lasting" consequences of the Trump administration's overstepping of its authority, and points to the university's cancer research and work against infectious diseases, among other things.
Inga kommentarer:
Skicka en kommentar